WPP (LON:WPP) Stock Price Down 16.1% – Here’s What Happened

WPP plc (LON:WPP)’s stock price traded down 16.1% during mid-day trading on Thursday . The company traded as low as GBX 616.60 ($7.82) and last traded at GBX 646.20 ($8.20). 43,476,680 shares traded hands during trading, an increase of 1,188% from the average session volume of 3,376,563 shares. The stock had previously closed at GBX 770.20 ($9.77).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. decreased their target price on shares of WPP from GBX 1,040 ($13.19) to GBX 960 ($12.18) and set a “neutral” rating for the company in a research report on Tuesday, January 7th.

WPP Trading Down 15.1 %

The company has a fifty day simple moving average of GBX 775.33 and a 200-day simple moving average of GBX 783.46. The stock has a market cap of £7.05 billion, a price-to-earnings ratio of 34.55, a P/E/G ratio of 13.47 and a beta of 1.13. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 215.67.

Insider Buying and Selling at WPP

In other WPP news, insider Joanne Wilson sold 8,794 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of GBX 860 ($10.91), for a total value of £75,628.40 ($95,914.27). Company insiders own 0.22% of the company’s stock.

About WPP

WPP is the creative transformation company, using the power of creativity to build better futures for our people, planet, clients and communities.

At WPP we’re reinventing creativity on an ever-broader canvas, bringing together unrivalled talent, resources and skills to provide an integrated offer of communications, experience, commerce and technology for clients.